2017 Regular Session

Entitled:

Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts

Sponsored by:

Status:

Approved by the Governor - Chapter 743

Increasing from $4,500,000 in calendar year 2016 to $6,500,000 in calendar year 2017 and each calendar year thereafter, the maximum total amount of research and development tax credits that the Department of Commerce may approve in the specified calendar years; and applying the Act to all research and development tax credits certified after December 15, 2016.